Riyad Bank joined SAR 9.69 billion deal. Riyad Bank stock is 13.12 percent below high

Published on 10/13/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached SAR 2.65 billion, up 1.36 percent from Q1. For Riyad Bank stock, the deal carries a 34-year tenor.

Riyad Bank participated in SAR 9.69 billion Rabigh 2 project financing secured on October 1, 2026.
Second-quarter net income reached SAR 2.65 billion, up 1.36 percent from the previous quarter.
Riyad Bank stock was trading at SAR 19.47 on Tadawul on October 13, 2026, 13.12 percent below its 52-week high.
The average 12-month analyst target was SAR 25.25 from 16 analysts.

Riyad Bank, SA0007879048, Illustration mit AI erstellt.

Riyad Bank (ISIN SA0007879048) had joined the SAR 9.69 billion Rabigh 2 financing secured on October 1, 2026, while Riyad Bank stock was trading at SAR 19.47 on Tadawul on October 13, 2026, 13.12 percent below its 52-week high of SAR 22.41. Argaam reported that the financing supports the Rabigh 2 power project.

What does the financing add?

The financing has a tenor of 34 years and covers a 2,313.5-megawatt combined-cycle gas plant designed to be carbon-capture ready. Riyad Bank is one of the local and international lenders, and the project is expected to begin commercial operations in the second quarter of 2029, according to Argaam.

Profit reached SAR 2.65 billion

Riyad Bank reported net income of SAR 2,649.03 million in the latest quarter cited by Investing.com. That was 1.36 percent above the previous quarter's SAR 2,613.54 million, giving investors a concrete comparison alongside the project financing.

Three dated milestones

BorsaTalk listed net profit of SAR 7,770 million for the nine months ended September 30, 2025. For the first quarter of 2026, net profit was SAR 2,614 million, and for the first half of 2026 it reached SAR 5,263 million. The October 1 financing milestone is the latest dated event in this sequence.

Next dates and valuation context

Riyad Bank's next scheduled earnings date is October 19, 2026, according to SniperIQ. The Rabigh 2 project's expected commercial start is in the second quarter of 2029, while Investing.com reported an average 12-month target of SAR 25.25 based on 16 analysts.

Stock remains below its yearly high

At SAR 19.47 on October 13, 2026, Riyad Bank stock stood 13.12 percent below the SAR 22.41 52-week high. The latest market picture combines a long-duration infrastructure financing role with second-quarter net income of SAR 2.65 billion and an earnings date of October 19, 2026.